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A three-year-old machine that has a cost of $60,000, an estimated residual value of $5,500,...

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Accounting

A three-year-old machine that has a cost of $60,000, an estimated residual value of $5,500, and an estimated useful life of five years. The company uses double-declining-balance depreciation.
Calculate the net book value at the end of each year. NBV Year 1: NBV Year 2: NBV Year 3:

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